About your Search

20130115
20130123
Search Results 0 to 4 of about 5
breaking news in terms of energy prices. the iea is out with its latest 2013 oil report. it expects u.s. oil demand to remain flat on the year. but the headline here does appear that the market, according to the iea language here, is tighter than we thought. all of a sudden, the market looks tighter than we thought. that's the main message we're getting from the organization. it says the world forecast to consume about 90.8 million barrels per day in 2013, up by about a quarter of a million since december. despite seeing the u.s. slight to even negative, seen as driving increase in demand and global supplies felly 170,000 barrels per day in december to 192 million. opec supplies falling to its lowest level in a year in december. global refinery rose by 1.5 million barrels per day. the oil market looks tighter than we thought and china has a lot to do with that. china's economy finally picked up pace in the fourth quarter. that gdp number came in above forecasts, growing 7.9% from a year earlier. industrial and retail sales grew estimates. to put it in context, china's growth is the we
in the green, but telecos and energy majors dragged the market lower, ending down by a minor .1%. elsewhere, south korea's kospi finished marginally in the red. apple suppliers continued to weigh down the market over demand concerns on the iphone 5. the australian market bucked the down trend with the defense of telecos and health care stocks lending support. the sensex in action trading down by .5%. back to you. >> all right. thanks for that. we'll take a break. >>> still will to come, hong kong selling out new plans to show up housing woes. >>> okay, let's bring you up to speed with stories. hong kong's chief executive has delivered his first policy speech outlining measures to cool property prices, reduce pollution, and improve welfare. he said it's necessary to curb speculative activities in the real estate sector given the persistent housing shortage. he said more land would be allowed for development and that 67,000 private units are slated to come on to the market in the next three to four years. joining us from hong kong, andrew yun g, chairman of international consultants. what's y
saying its deterioration in the aluminum market in 2012 in certain regions, higher energy costs and raw material costs resulting in a negative impact on the current market values of the aluminum business. but in terms of what the chairman had to say in an announcement today that the $3 billion write-down of those coal assets in mozambique is what he calls unacceptable, tom albanese will be standing down effective immediately. he'll be replaced by the current ceo of rio tinto's iron ore operation. those are the iron ore assets in the northwest part of australia. as i mentioned, just the final straw when it comes to write-downs concerning mr. albanese. it was a $38 purchase of alcan at the top of the cycle back in 20307 that scored numerous write-downs including one last year for $8.9 billion. ross, back over to you. >> much thanks for that. >> matt, if you could, i want to get into this point about the alcan acquisition for a second. it was early this time last year that they wrote down the value of that deal from 2007 by half. where in the history of overpaying for deals -- i mean, this
supportive policies for green energy. this following the country's recent pollution problems. b shares also scored on hopes that more firms will announce buyback programs at a premium or convert b shares into hong kong listed h shares. elsewhere, the hang seng finished slightly weaker. this after the country's second largest telcomaker issued a profit warning. but do note that its rival posted a 33% jump in profits. the kospi ending slightly lower. the apple mrooi suppliers lost ground ahead of the tech giant's q4 earnings out later this week. the asx 200 ended marginally in the green. shares of national australia bank rose after reports it may get an offer to offload its uk operations. india's sensex ended higher by .25%. back to you. >> sixuan, thank you very much for that. >>> turning now to the u.s., president barack obama began his second term on sunday in a low key inauguration ceremony at the white house. gathered with his family in the blue room, obama put his hand on a family bible to recite the 35-word oath. >> i barack hussein obama solemnly swear. >> that i will faithfully execu
energy on. >> i think the likelihood of a shutdown is less standard than it would have been ten days ago. but i would look at a three-stage process here. the first is tomorrow to deal with the debt ceiling and extend without a number extend the ability of the government to continue to expend until mid-may. then i would look at march 1st sequestration. that is the agreed-to reduction s amounts that the president already agreed to. >> and we've heard what sequestration would to to the government and people? >> not really, but with the nomination of peter, historically he's talked about cuts in defense. if you're going to cut, anyway, then let's get started and what about, too, is happening in the middle east, we'll find out tonight who takes israel, obviously netanyahu is leading the poles now. at the same time, north africa in the news with all of the latest violence at the gas field in algeria. so does this complicate the narrative of wanting to push ahead with sequestration? >> well, the speech yesterday was very short on international affairs. which i found surprising. because we are i
Search Results 0 to 4 of about 5